31st Oct 2005 17:34
Regal Petroleum PLC31 October 2005 For Immediate Release Monday 31 October 2005 REGAL PETROLEUM PLC ("the Company") Purchase of Shares and Grant of Options Today, 31 October 2005, Dr Rex Gaisford CBE, the Company's Chief ExecutiveOfficer, has purchased 50,000 Ordinary Shares of 5 pence each in the capital ofthe Company ("Ordinary Shares") at £1.06 each and his wife has similarlypurchased 10,000 Ordinary Shares at £1.06 each. These purchases represent newholdings in the Company. Following the appointment of Dr Gaisford on 9 June 2005 and the newlyconstituted Board on 15 June 2005, the Company's remuneration committee met andmade recommendations to the Board. On 31 October 2005, after publication of itsinterim financial statements, the Company ratified these recommendations and thegrant of options over Ordinary Shares pursuant to the Regal Petroleum ShareOption Scheme to the following Directors: Number of Exercise Date Share Price from which Options £ exercisable---------------- --------- --------- -----------Dr Rex Gaisford 1,000,000 £0.60 14.06.06Mr Roger Phillips 500,000 £0.60 14.12.05Sir Peter Heap 250,000 £0.60 14.06.06Mr Richard Hardman 200,000 £0.60 14.06.06 Dr Rex Gaisford 250,000 £2.00 14.06.06Mr Roger Phillips (*) 250,000 £2.00 14.06.06Mr Richard Hardman 200,000 £2.00 14.06.06 Dr Rex Gaisford 250,000 £3.00 14.06.06Mr Richard Hardman 200,000 £3.00 14.06.06 Dr Rex Gaisford 250,000 £4.00 14.06.06Mr Richard Hardman 150,000 £4.00 14.06.06 Dr Rex Gaisford 250,000 £5.00 14.06.06 (*) These noted share options above have been issued to replace previously heldoptions which have been relinquished. The above options represent all options held by the above named Directors. For further information, please contact: Regal Tel: 020 7408 9500Roger Phillips, Group Finance Director Buchanan Communications Tel: 020 7466 5000Bobby Morse / Ben Willey This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RPT.L